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April 23, 2026
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India’s merchandise trade deficit narrowed to $27.1 billion in February, down from $34.68 billion in January, as imports declined, according to data released by the Commerce Ministry. Merchandise exports edged up slightly to $36.61 billion, compared with $36.56 billion the previous month, while imports fell significantly to $63.71 billion from $71.24 billion, helping Continue Reading
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Mexico has approved significant tariff hikes on several Asian countries, including India, following the United States’ recent move to impose 50% tariffs on Indian goods. The Mexican Senate passed a revised bill that raises or introduces new duties—mostly up to 35%—on products like autos, auto parts, textiles, clothing, plastics and steel. Despite strong objections from Continue Reading
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India’s dependence on imported arecanut has surged over the past decade, with import volumes and values far outpacing export growth, according to official data. While exports showed only marginal growth, imports have remained high despite a 100% import duty, highlighting rising reliance on foreign arecanut. In 2024-25, India exported 2,396.26 MT worth Rs 105.84 crore, […]Continue Reading
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According to a report from Bank of America, Apple is considering shifting 18% of its global iPhone production to India by 2025. This move is attributed to the Indian government’s production-linked incentive scheme for mobile phones, which encourages companies like Apple and its vendors to expand their operations in the country. The scheme aims to […]Continue Reading
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